Stagwell Inc. (NASDAQ:STGW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Stagwell Inc. (NASDAQ:STGW) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.75.

STGW has been the subject of a number of analyst reports. Rosenblatt Securities boosted their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $8.00 to $9.00 in a research note on Friday, February 21st.

Stagwell Trading Down 0.2 %

NASDAQ STGW opened at $5.96 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $6.85. The firm has a market capitalization of $1.57 billion, a PE ratio of 298.00 and a beta of 1.56. Stagwell has a one year low of $5.29 and a one year high of $8.18.

Institutional Investors Weigh In On Stagwell

A number of large investors have recently made changes to their positions in the company. Quarry LP purchased a new position in Stagwell during the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Stagwell during the 4th quarter worth $69,000. BNP Paribas Financial Markets bought a new stake in shares of Stagwell during the 4th quarter worth $75,000. Paloma Partners Management Co bought a new stake in shares of Stagwell during the 3rd quarter worth $77,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Stagwell during the 4th quarter worth $96,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Company Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.